Main Street v Wall Street Dichotomy Nyet

WSJ predictably defends its “Wall Street” heritage arguing the Trumpian preference for a “Main Street” revival is a “false dichotomy if there ever was one.” Really? If so, how did the economic enabler Wall Street let so many US factories & jobs disappear?

Not to rub it in, but the WSJ is also fond of griping about how the US has become DEPENDENT on so many foreigners for industries let alone rare earth minerals vital to national security. Again, where were the WSJ’s innovative risk takers in Wall Street as that depressing reality unfolded these past 40 years? Notably, the newspaper’s editorial board cleverly flips the logic, arguing that “President Trump & Treasury Secretary Bessent pick[ed] up the left’s” aka socialistic talking point trashing the big bad capitalists who don’t really work for a living let alone produce any goods themselves. As the editors say, it’s the Wall Street tycoons who fund the factories that create the jobs that fuel the economy.

Yet, note too, neither Trump or Bessent are foolish not to agree with that obvious reality … as far as it goes. What they ARE saying is that maybe it’s about time to REBALANCE policy priorities vis a vis the one-two punch behind America’s exceptional economy, i.e., Main Street and Wall Street. Isn’t that why Bessent recently called out America’s growing policy slavery to Wall Street tycoons without ever questioning whether what’s good for the investors is good for the producers? Isn’t that more balanced view the true dichotomy of reality if ever there was one?

Davd Soul